‘More whimper than bang’: What the City is saying about Mifid II

New EU rules represent the the biggest changes to securities trading in the region of the past decade

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By

Fareed Sahloul

January 3, 2018 Updated: January 4, 2018 7:07 a.m. GMT

After years of planning, much back and forth with the securities industry and a 12-month delay, the European Union's revised Markets in Financial Instruments Directive — or Mifid II — has come into force.

The giant rulebook's new directives came into force today and represent the biggest change to European trading regulations of the past decade.